Skift Take
The jury is still out on whether either of these sectors will be able to carve a secure space in the industry.
Last week was a busy time for travel tech funding, and this one is a bit slower. The startups featured join a group of competitors that have raised money in previous months: Next-generation aircrafts and AI-powered trip planners.
Two travel tech startups announced fundraises totaling $115 million this week.
Heart Aerospace: $107 millionHeart Aerospace, which is developing a hybrid-electric airplane, has raised $107 million in series B funding.
Investors include Sagitta Ventures, Air Canada, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, United Airlines, and Y Combinator.
The company has now raised $145 million since it was founded.
Sweden-based Heart Aerospace is developing a 30-seat regional airplane fo